IAS - Integral Ad Science Holding Corp.
Price:
--
--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$14.29
DETAILS
HIGH:
$25.00
LOW:
$10.30
MEDIAN:
$13.00
CONSENSUS:
$14.29
UPSIDE:
38.20%
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|
| Revenue | ||||||
| Revenue | 530.1 | 474.4 | 408.3 | 323.5 | 240.6 | 213.5 |
| Cost of Revenue | 114.0 | 99.4 | 75.8 | 54.6 | 40.5 | 33.1 |
| Gross Profit | 416.1 | 375.0 | 332.6 | 268.9 | 200.1 | 180.4 |
| Operating Expenses | ||||||
| R&D Expenses | 69.9 | 72.9 | 76.4 | 67.0 | 49.0 | 40.4 |
| SG&A Expenses | 218.0 | 229.6 | 185.9 | 165.4 | 99.3 | 103.4 |
| Other Expenses | 67.9 | 55.4 | 55.1 | 69.5 | 65.7 | 70.3 |
| Operating Expenses | 355.8 | 357.9 | 317.4 | 302.0 | 214.0 | 214.2 |
| Operating Income | ||||||
| Operating Income | 60.4 | 17.1 | 15.2 | (33.0) | (13.9) | (33.8) |
| Interest Expense | 5.4 | 12.2 | 9.1 | 19.2 | 31.6 | 33.0 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 |
| Profitability | ||||||
| EBITDA | 124.4 | 72.1 | 72.5 | 25.6 | 51.8 | 36.5 |
| EBIT | 60.4 | 17.1 | 22.1 | (36.7) | (13.9) | (33.8) |
| Income Before Tax | 55.0 | 4.9 | 13.1 | (56.0) | (45.5) | (66.8) |
| Income Tax Expense | 17.2 | (2.4) | (2.3) | (3.5) | (13.1) | (15.4) |
| Net Income | 37.8 | 7.2 | 15.4 | (52.4) | (32.4) | (51.3) |
| Per Share Data | ||||||
| EPS (Basic) | 0.23 | 0.05 | 0.10 | -0.37 | -0.21 | -0.34 |
| EPS (Diluted) | 0.23 | 0.04 | 0.10 | -0.37 | -0.21 | -0.34 |
| Shares Outstanding | 161.1 | 156.3 | 154.7 | 143.5 | 151.2 | 151.2 |
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|
| Current Assets | ||||||
| Cash & Cash Equivalents | 84.5 | 124.8 | 86.9 | 73.2 | 51.7 | 26.3 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 132.8 | 121.2 | 109.5 | 89.3 | 73.5 | 66.2 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 37.1 | 19.0 | 24.8 | 0.1 | 0.2 | 1.4 |
| Total Current Assets | 254.5 | 264.9 | 221.1 | 170.2 | 129.5 | 101.4 |
| Non-Current Assets | ||||||
| Property, Plant & Equipment | 21.9 | 25.4 | 25.2 | 1.4 | 2.2 | 4.3 |
| Goodwill | 673.0 | 675.3 | 674.1 | 676.5 | 458.6 | 457.6 |
| Intangible Assets | 194.6 | 219.2 | 241.2 | 276.4 | 255.7 | 308.4 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 5.9 | 4.4 | 5.0 | 4.1 | 3.6 | 3.5 |
| Total Non-Current Assets | 897.1 | 926.8 | 947.5 | 959.4 | 720.1 | 773.8 |
| Total Assets | 1,151.6 | 1,191.7 | 1,168.7 | 1,129.5 | 849.6 | 875.2 |
| Current Liabilities | ||||||
| Account Payables | 16.2 | 12.1 | 10.5 | 8.3 | 8.8 | 4.6 |
| Short-Term Debt | 0 | 0 | 0 | 2.0 | 0 | 0 |
| Deferred Revenue | 1.1 | 0.7 | 0.1 | 0.2 | 1.1 | 1.5 |
| Other Current Liabilities | 19.8 | 20.4 | 16.5 | 17.8 | 11.9 | 9.4 |
| Total Current Liabilities | 84.2 | 82.5 | 67.8 | 56.5 | 40.4 | 28.3 |
| Non-Current Liabilities | ||||||
| Long-Term Debt | 34.2 | 153.7 | 223.3 | 242.8 | 351.1 | 345.3 |
| Deferred Tax Liabilities | 3.1 | 20.4 | 45.5 | 53.5 | 24.8 | 40.1 |
| Other Non-Current Liabilities | 8.7 | 6.2 | 1.1 | 9.5 | 1.8 | 1.6 |
| Total Non-Current Liabilities | 59.4 | 199.8 | 292.7 | 305.9 | 377.7 | 387.3 |
| Total Liabilities | 143.6 | 282.3 | 360.5 | 362.3 | 418.1 | 415.6 |
| Stockholders' Equity | ||||||
| Common Stock | 0.2 | 0.2 | 0.2 | 0.2 | 553.7 | 553.9 |
| Retained Earnings | 46.7 | 9.0 | 0.8 | (14.6) | (126.8) | (94.4) |
| Accumulated Other Comprehensive Income | (3.7) | (0.9) | (2.9) | (0.3) | 4.5 | 0.2 |
| Total Stockholders' Equity | 1,008.0 | 909.5 | 808.2 | 767.2 | 431.5 | 459.7 |
| Total Liabilities & Equity | 1,151.6 | 1,191.7 | 1,168.7 | 1,129.5 | 849.6 | 875.2 |
| Debt Metrics | ||||||
| Total Debt | 57.7 | 182.7 | 252.9 | 244.8 | 351.4 | 347.0 |
| Net Debt | (26.7) | 57.9 | 166.0 | 171.6 | 299.7 | 320.7 |
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Net Income | 37.8 | 7.2 | 15.4 | (52.4) | (32.4) | (51.3) |
| Depreciation & Amortization | 64.0 | 55.0 | 50.4 | 62.3 | 67.1 | 70.3 |
| Stock-Based Compensation | 59.8 | 81.1 | 44.8 | 58.8 | 0 | 0 |
| Change in Working Capital | (30.8) | 6.0 | (30.7) | (10.4) | (7.9) | (13.6) |
| Other Non-Cash Items | 3.6 | 3.8 | 8.5 | 15.0 | 7.1 | 9.7 |
| Operating Cash Flow | 117.9 | 131.6 | 72.5 | 63.6 | 33.9 | (1.9) |
| Investing Activities | ||||||
| Capital Expenditure | (40.5) | (33.8) | (16.7) | (13.7) | (0.6) | (7.5) |
| Acquisitions | 0 | (1.0) | (1.6) | (186.4) | 0 | (17.6) |
| Purchases of Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | (38.8) | (31.8) | 0 | 0 | (9.0) | 0 |
| Investing Cash Flow | (40.5) | (34.7) | (18.3) | (200.1) | (9.7) | (25.0) |
| Financing Activities | ||||||
| Net Debt Issuance | (120) | (70) | (21.8) | (111.7) | (1.5) | 17.3 |
| Stock Repurchased | 0 | 0 | (23.7) | (1.2) | (0.2) | (3.2) |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | 3.2 | 0 | 8 | 273.1 | 0 | (0.5) |
| Financing Cash Flow | (116.4) | (58.9) | (37.5) | 160.2 | (1.7) | 13.7 |
| Cash Position | ||||||
| Net Change in Cash | (40.0) | 37.6 | 13.6 | 21.4 | 24.4 | (13.3) |
| Cash at Beginning | 127.3 | 89.7 | 76.1 | 54.7 | 30.4 | 43.7 |
| Cash at End | 87.3 | 127.3 | 89.7 | 76.1 | 54.7 | 30.4 |
| Free Cash Flow | 77.4 | 97.9 | 55.8 | 49.9 | 33.3 | (9.3) |
| Key Metrics | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|
| Income Statement | ||||||
| Revenue | 530.1 | 474.4 | 408.3 | 323.5 | 240.6 | 213.5 |
| Gross Profit | 416.1 | 375.0 | 332.6 | 268.9 | 200.1 | 180.4 |
| Operating Income | 60.4 | 17.1 | 15.2 | (33.0) | (13.9) | (33.8) |
| Net Income | 37.8 | 7.2 | 15.4 | (52.4) | (32.4) | (51.3) |
| EPS (Diluted) | 0.23 | 0.04 | 0.10 | -0.37 | -0.21 | -0.34 |
| Balance Sheet | ||||||
| Cash & Equivalents | 84.5 | 124.8 | 86.9 | 73.2 | 51.7 | 26.3 |
| Total Assets | 1,151.6 | 1,191.7 | 1,168.7 | 1,129.5 | 849.6 | 875.2 |
| Total Debt | 57.7 | 182.7 | 252.9 | 244.8 | 351.4 | 347.0 |
| Stockholders' Equity | 1,008.0 | 909.5 | 808.2 | 767.2 | 431.5 | 459.7 |
| Cash Flow | ||||||
| Operating Cash Flow | 117.9 | 131.6 | 72.5 | 63.6 | 33.9 | (1.9) |
| Capital Expenditure | (40.5) | (33.8) | (16.7) | (13.7) | (0.6) | (7.5) |
| Free Cash Flow | 77.4 | 97.9 | 55.8 | 49.9 | 33.3 | (9.3) |